Henry Waxman: “I am perplexed by my friend from California's statement as well. As I understand the underlying bill, it does not stop…”

“I am perplexed by my friend from California's statement as well. As I understand the underlying bill, it does not stop the Congress from doing anything. It just simply says, wait a minute, we want to take a look at this. And if we are going to put a burden on private enterprise, we want to have a special focus on that and make people have to debate it and vote on it. If we are going to put a tax increase on some business, that seems to me a sufficient burden that we are putting on them that we ought to stop and be sure that that is what we want to do. As I understand the Dreier amendment, which the Moakley amendment would strike, it would have us ignore what the burden is on a private business, a small business, particularly, if there is a tax break for someone else.”